Yes, you might see borrowing rates stay low, but you might also see access to "easy money" get more difficult for banks and for the suburbanites. The majority are happy with the status quo and are resistant to change. Whether or not things pan out for the "business as usual" scenario has yet to be seen. No need to get too spooked.
yes you might see further tightening of credit by APRA, although that isn't being driven by interest rates on bond markets, or by bank borrowing rates.
I would think that 99.9% of people have no idea that we lost it in December 1986 and got it back in October 2002. They seem to think we were born with it and it's never been otherwise, or they really don't care.
indeed... If you read back, you may notice I said "period after", not the event itself.
The events surrounding it are also fairly well known by many... "On 14 May 1986 then Australian Treasurer Paul Keating stated that Australia might become a banana republic. "
indeed... If you read back, you may notice I said "period after", not the event itself.
The events surrounding it are also fairly well known by many... "On 14 May 1986 then Australian Treasurer Paul Keating stated that Australia might become a banana republic. "
And he was wrong. I doubt that any leader in Government would be that idiotic again.
Take risks - if you win you will become wealthy, if you lose you will become wise
And he was wrong. I doubt that any leader in Government would be that idiotic again.
Do you honestly think his intent was to claim it was going to happen ?
I always thought it was aimed to put the fear into the public's mind and ram through reform changes that were meeting resistant in his own party.... as it turned out, it was a catalyst for major changes far earlier than otherwise would have been achieved.
His quote: If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic.
His biographer seemed to think it was a mix of Keating over reach, slip of the tongue, and opportunity grabbing that caused this comment.
yes you might see further tightening of credit by APRA, although that isn't being driven by interest rates on bond markets, or by bank borrowing rates.
I was more referring to the reliance on wholesale funding to keep the banks profitable and keep the suburbanites credit lines flowing.
Imagine if wholesale funding didn't exist. Would would be different? Anything? I'm interested in cheerleaders' perspectives on this.
This. We haven't had decent financial management in government since Howard's third term, I reckon. It's been over 10 years of BS.
Ever since little Johnny was ousted by Kevin 07 we have not had a true leader. More a poor excuse for one. And then to think how many times it has changed hands since then and then the way they went about it all when Gillard replaced Kevin. And then the way we went to bed one night and woke up the next morning to find Malcolm Turnbull was PM. Howard was in for around ten years, since then it has been clown after clown. A circus.
Maybe we held our triple AAA this time. But for how much longer ?
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy